SEATTLE, Dec. 22, 2016 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open Nordstrom Rack at the new Lincoln Square Expansion in Bellevue, Washington. The approximately 43,000-square-foot store is scheduled to open in fall 2017.
Nordstrom Rack will be part of the 1.5 million sq. ft. expansion of The Bellevue Collection, which currently includes Bellevue Square, Bellevue Place and Lincoln Square, the portion under expansion. Lincoln Square Expansion includes office, retail, dining and entertainment space along with a 244 room W Hotel and 218 luxury high-rise rental residences.
"We know many of our best Rack stores are those near our full line locations, and we've long been looking for the right space near Nordstrom Bellevue Square," said Geevy Thomas, president of Nordstrom Rack. "We couldn't be more excited to deliver great brands at great Rack prices when we open our doors at Lincoln Square."
When it opens, the new store will be the eighth Nordstrom Rack in Western Washington. The company also operates six Nordstrom stores: Downtown Seattle, Bellevue Square, Northgate, Alderwood, Southcenter and Tacoma Mall.
"We have long felt that expanding Nordstrom's presence at The Collection would be synergistic for all our retail and restaurant offerings and are delighted that with the expansion of Lincoln Square, we were able to find this location for Nordstrom Rack," says Kemper Freeman, CEO and chairman of the board, Kemper Development Company.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30 to 70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com, as well as specially purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 349 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About The Bellevue Collection/Kemper Development Company
Located in the heart of Bellevue, Washington, The Bellevue Collection, owned by Kemper Development Company and affiliates, includes Bellevue Square, a super-regional upscale shopping center, Bellevue Place, a mixed-use property featuring the Hyatt Regency Bellevue and small boutiques and Lincoln Square, anchored by the Lincoln Square Cinemark theaters, restaurants, home furnishing stores and The Westin Bellevue hotel. Currently, it consists of a distinctive collection of 250 of the finest shops, 30 sit-down restaurants, 1,100 luxury hotel rooms and 10,000 free retail parking spaces, all in one location, making The Bellevue Collection a shopping, dining and nightlife and entertainment experience unlike any other in the region. With the expansion of Lincoln Square, The Collection will add a total of 1.5 million sq. ft. including 177,000 sq. ft. restaurants/retail, 710,000 sq. ft. of Class A Premier Office space, the 244-room W Hotel and 218 luxury high-rise rental residences in Two Lincoln Tower. The Collection is located on Bellevue Way between NE 4th and NE 10th Streets in downtown Bellevue, just across Lake Washington from Seattle. For more information on the Lincoln Square Expansion, visit the Lincoln Square Expansion site.
For The Bellevue Collection
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SOURCE Nordstrom, Inc.